Pakistan Central Bank: Big blow to poor Pakistan, government's back will break after 3 weeks! Local media exposed the poll.

International Monetary Fund: Media reports said that despite the efforts of the government to handle the economy, the country's foreign exchange reserves have declined. This is the lowest level in eight years.

Pakistan Central Bank: Big blow to poor Pakistan, government's back will break after 3 weeks! Local media exposed the poll.

State Bank of Pakistan: The neighboring countries are not taking the name of ending the bad days of Pakistan. Now another bad news has come for the Pak government which is struggling with terrorism and inflation. The foreign exchange reserves of the Central Bank of Pakistan have come down to the lowest in eight years. It has come down to $5.5 billion. Due to this, the risk of default in front of the country has increased. Information about this was given in a report of Pakistani media. It was said in the media report that despite the government's efforts to handle the economy, the country's foreign exchange reserves have declined.

lowest level in eight years

According to the report of Dawn newspaper, the foreign exchange reserves of the State Bank of Pakistan (SBP) decreased to $ 5.576 billion during the week ending December 30, 2022. This is the lowest level in eight years. During this week, $ 245 million has been withdrawn from the foreign exchange reserves of SBP for repayment of external debt. Now the Government of Pakistan is facing a serious danger of lapse. Several attempts to restart talks with the International Monetary Fund (IMF) to release the next installment have so far failed.

Will be able to import only for three weeks

It was said in the report that in January 2022, the foreign exchange reserves of SBP were $ 16.6 billion, since then it has declined by $ 11 billion to $ 5.6 billion. In such a situation, the Government of Pakistan is left with no other way than taking loan from friendly countries to repay the foreign debt. According to Dawn's report, only three weeks of imports can be done from the reserve of foreign exchange left with the country. (Source: PTI)

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